Dan Eberhart Analyzes Crude Oil Demand

Dan Eberhart, CEO of Canary LLC, thinks the bearish case for crude is due to increased lockdowns in Europe and the increase in cases in India. He thinks we need to be bullish overall, with the increase in rig count and U.S. and OPEC crude production rising. He says the expected GDP growth of 6% to 6 1/2% are massive numbers that will increase demand. He thinks we will wobble around 60 and end the year somewhere around 70 dollars per barrel. He discusses natural gas and the electric vehicle market, saying there is a potential for a natural gas boom with the increased adoption of EVs.

Futures

06 Apr 2021

ON AIR
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Market Overtime
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Dan Eberhart Analyzes Crude Oil Demand

Dan Eberhart, CEO of Canary LLC, thinks the bearish case for crude is due to increased lockdowns in Europe and the increase in cases in India. He thinks we need to be bullish overall, with the increase in rig count and U.S. and OPEC crude production rising. He says the expected GDP growth of 6% to 6 1/2% are massive numbers that will increase demand. He thinks we will wobble around 60 and end the year somewhere around 70 dollars per barrel. He discusses natural gas and the electric vehicle market, saying there is a potential for a natural gas boom with the increased adoption of EVs.

Futures

06 Apr 2021

ON AIR
7:00 am
Market Overtime
replay

Get Market Minute

Daily insights for every investor

FOLLOW US